§ 1433. Judicial review. 1. Any final determination of the amount of
any tax payable under section fourteen hundred twenty-six of this
article shall be reviewable for error, illegality or unconstitutionality
or any other reason whatsoever by a proceeding under article
seventy-eight of the civil practice law and rules if application
therefor is made to the supreme court within four months after the
giving of the notice of such final determination, provided, however,
that any such proceeding under article seventy-eight of the civil
practice law and rules shall not be instituted unless (a) the amount of
any tax sought to be reviewed, with such interest and penalties thereon
as may be provided for by local law shall be first deposited and there
is filed an undertaking, issued by a surety company authorized to
transact business in this state and approved by the superintendent of
financial services of this state as to solvency and responsibility, in
such amount as a justice of the supreme court shall approve to the
effect that if such proceeding be dismissed or the tax confirmed the
petitioner will pay all costs and charges which may accrue in the
prosecution of such proceeding or (b) at the option of the petitioner,
such undertaking may be in a sum sufficient to cover the taxes, interest
and penalties stated in such determination, plus the costs and charges
which may accrue against it in the prosecution of the proceeding, in
which event the petitioner shall not be required to pay such taxes,
interest or penalties as a condition precedent to the application.

2. Where any tax imposed hereunder shall have been erroneously,
illegally or unconstitutionally assessed or collected and application
for the refund or revision thereof duly made to the proper fiscal
officer or officers, and such officer or officers shall have made a
determination denying such refund or revision, such determination shall
be reviewable by a proceeding under article seventy-eight of the civil
practice law and rules, provided, however, (i) that such proceeding is
instituted within four months after the giving of the notice of such
denial, (ii) that a final determination of tax due was not previously
made, and (iii) that an undertaking is filed with the proper fiscal
officer or officers in such amount and with such sureties as a justice
of the supreme court shall approve to the effect that if such proceeding
be dismissed or the tax confirmed, the petitioner will pay all costs and
charges which may accrue in the prosecution of such proceeding.